Harry Dent Warns of "$700 Gold by 2018"

Crash stories amuse me, especially when they are from someone with a proven track record of being spectacularly wrong.

Investors are fleeing to gold in a desperate attempt to weather the recent market volatility… but is this long time “safe-haven” actually poised to collapse wiping out trillions of dollars of wealth in the process?

One highly respected Harvard economist is stating an emphatic “yes!”.

“While many economists will argue that gold is not in a bubble… and insist it will soar to $2,000, $5,000 and even $10,000, my research has said otherwise” says Harvard economist Harry Dent in his latest report. “I’ve never been more certain of anything in over 30 years of economic forecasting.”

Market volatility, worries over the Europe Central Bank, negative interest rates, and China are among a laundry list of events that are driving panicked masses to buy the yellow metal. But this is only inflating the gold bubble that is poised to pop at any moment, he says.

Dent, who pioneered a whole new science of economic forecasting in the early 1980’s has been able to accurately predict almost every major economic event over the past 30 years. —including the collapse of Japan, The Great Tech Boom of the 1990’s, and the 2008 market crash.

Market Volatility?

Dent is amazingly funny. Volatility has never been lower.

Harry Dent Contrarian Book Covers

Economist Harry Dent made a fortune with a series of 100% ass-backwards books.

Special Talent

Harry Dent has a special talent. Few people are perfect contrarian indicators. Even fewer brag about their success while being 100% wrong.

Mike “Mish” Shedlock

  • Dent did make 4 good predictions:1) Japan was te weaken

A perfect contrarian indicator indeed. I knew Harvard had some nutty professors, but I didn't know Harry is employed there, so that's another contrarian indicator. Excuse me now, I must go buy some more gold.

The "great crash" hasn't happened yet... not because HD got it all wrong, but because TPTB were never going to allow the US economy to crash while the US had a minority president, period. Now that Obama is gone, all bets are off. QE = 8 years of wubby blanket for Pres. Obama... that's all.

IOW, Trump will be the primary market crash Fall Guy... the script is so obvious a blind man could read it...

IOW, Trump will be the "crash" Fall Guy... the script is so obvious that a blind man can read it...